SG Americas Securities LLC Buys 10,549 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Posted by on Jul 23rd, 2023

SG Americas Securities LLC grew its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) by 97.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,383 shares of the company’s stock after acquiring an additional 10,549 shares during the quarter. SG Americas Securities LLC’s holdings in FirstCash were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FirstCash in the fourth quarter valued at approximately $42,000. Covestor Ltd boosted its position in shares of FirstCash by 87.3% in the first quarter. Covestor Ltd now owns 691 shares of the company’s stock valued at $49,000 after acquiring an additional 322 shares during the period. CI Investments Inc. bought a new stake in shares of FirstCash in the fourth quarter valued at approximately $56,000. EverSource Wealth Advisors LLC boosted its position in shares of FirstCash by 620.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 778 shares of the company’s stock valued at $68,000 after acquiring an additional 670 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in shares of FirstCash in the fourth quarter valued at approximately $69,000. 79.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on FCFS. Wedbush upped their target price on FirstCash from $90.00 to $110.00 in a research note on Monday, May 1st. Barclays upped their target price on FirstCash from $108.00 to $125.00 in a research note on Friday, April 28th. Loop Capital upped their target price on FirstCash from $90.00 to $105.00 in a research note on Monday, May 1st. StockNews.com upgraded FirstCash from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Finally, Credit Suisse Group upped their target price on FirstCash from $91.00 to $100.00 in a research note on Friday, April 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $112.00.

Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 7,500 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $104.00, for a total transaction of $780,000.00. Following the sale, the chief financial officer now owns 57,234 shares in the company, valued at $5,952,336. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO R Douglas Orr sold 7,500 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $104.00, for a total transaction of $780,000.00. Following the sale, the chief financial officer now owns 57,234 shares in the company, valued at $5,952,336. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Raul Ramos sold 10,050 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $102.19, for a total value of $1,027,009.50. Following the sale, the senior vice president now owns 52,450 shares in the company, valued at approximately $5,359,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,039 shares of company stock worth $5,039,390. Insiders own 18.08% of the company’s stock.

FirstCash Stock Performance

FirstCash stock opened at $97.46 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.50 and a quick ratio of 2.66. The stock has a fifty day moving average price of $95.72 and a two-hundred day moving average price of $96.71. FirstCash Holdings, Inc. has a 52-week low of $63.43 and a 52-week high of $105.68. The firm has a market capitalization of $4.43 billion, a P/E ratio of 16.77 and a beta of 0.79.

FirstCash (NASDAQ:FCFS – Get Free Report) last released its quarterly earnings data on Thursday, April 27th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. FirstCash had a return on equity of 13.38% and a net margin of 9.64%. The firm had revenue of $762.74 million during the quarter, compared to analyst estimates of $724.49 million. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 5.47 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, May 12th. FirstCash’s payout ratio is presently 22.72%.

FirstCash Profile

(Free Report)

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.

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Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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